Share Name Share Symbol Market Type Share ISIN Share Description
NB Distres Red LSE:NBDG London Ordinary Share GG00BH7JH183 RED ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 77.00p 76.00p 78.00p 77.00p 77.00p 77.00p 0 06:30:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - - 0.00

NB Distres Red Share Discussion Threads

Showing 276 to 299 of 300 messages
Chat Pages: 12  11  10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
24/1/2018
12:28
Think its clear the value loss on fx lately. But will the US money volocity from the corpoate tax cuts being partly paid to staff increase these type of assets pnl and so value
hindsight
24/1/2018
10:25
Good luck on that one!
tiltonboy
24/1/2018
10:15
I've emailed the Chairman for an explanation...
skyship
24/1/2018
10:09
Tilts - no, not just that - the words above state: "..are calculated on a gross basis and, in particular, do not reflect the Investment Manager's management fee..." So actually, the statement is pretty irrelevant if one cannot define the difference between Gross & Net!
skyship
24/1/2018
09:57
They do not include Fees!
tiltonboy
24/1/2018
09:34
"Shareholders should, however, note that: (i) the realisable values of the investments are calculated on a gross basis" Does anyone have a clue as to what that might mean?
skyship
24/1/2018
08:20
This is the nub of the matter which needs to be unravelled: =========================================================== Manager Commentary: NBDG is in the harvest period and the Investment Manager is working to restructure, reorganise, and realise exits for each investment to maximise the value of the portfolio for the shareholders. The Investment Manager uses economic, industry and issuer specific data to estimate the gross realisable value in downside, base case and upside scenarios for each investment in the portfolio. The Investment Manager currently estimates the range of the aggregated realisable value for the investments in the portfolio is between 90% and 166% of the 2017 year-end market values of these investments, with a base case of 129%. Shareholders should, however, note that: (i) the realisable values of the investments are calculated on a gross basis and, in particular, do not reflect the Investment Manager's management fee and investment-related expenses; and (ii) this range of aggregate realisable values is an estimate only, and there is no guarantee that the value actually realised will be within this range. Further details on the risks relating to "forward looking information" are set out at the end of this factsheet. Management currently expects to distribute 60-65% of remaining NAV to shareholders in 2018, 30-35% in 2019, and the remainder in 2020. The Investment Manager will review and, where appropriate, update these ranges and expectations in the quarterly factsheets going forward.
skyship
13/1/2018
17:02
Lots of Casinos and hotels to get rid of - I wonder if the Mafia would be interested in any of it ?
my retirement fund
13/1/2018
13:30
Interesting that the NAV has risen a little given the strength in GBP v USD. Looks like there has been a mark-up of some positions. Hopefully news of some disposals soon.
tiltonboy
13/1/2018
12:45
Looks as though a breakout should come soon; perhaps instigated by the rising NAV - 93.8p as at 11th Jan'18, so discount back up to 15.5%: free stock charts from uk.advfn.com
skyship
20/11/2017
17:54
SP has moved up a little over the last week, both before and after the RNS ;} but the market reaction seems more subdued than I'd have guessed. We've moved from a situation of expecting distributions to start to having it confirmed with a seemingly fairly firm timescale which, assuming distribution at the current NAV, would indicate a not-to-be-sneezed-at yield at the current share price A lot depends of course on whether the NAV turns out to be realistic and there aren't any nasty shocks on asset realisation. The published NAV figure has been in a tight range for quite a while it seems and I'm not sure whether I find that reassuring or suspicious!
redhill9
20/11/2017
17:41
Over on the LemonFool site HiRiskPaul has alerted me to the fact that at the moment NBDX trades at a wider NAV discount than NBDG! 17% v. 14%. The chart of course highlights the post Brexit NBDG on steroids - quoted in £Sterling rather than $. free stock charts from uk.advfn.com
skyship
20/11/2017
15:49
The Board of the Company is pleased to announce an income distribution by way of a dividend of $0.0140 per Ordinary Share, $0.0245 per Extended Life Share and £0.0106 per New Global Share (collectively the "Share Classes") to be payable on 12 January 2018 to shareholders on the register of the Share Classes as at the close of business on 1 December 2017. The dividend timetable is set out below: Ex-dividend date - 30 November 2017 Dividend record date - 1 December 2017 Dividend payment date - 12 January 2018
skyship
16/11/2017
10:20
redhill, Absolutely. I was just pointing out to SKYSHIP that it isn't all debt.
tiltonboy
16/11/2017
09:36
Quite right - good point
skyship
16/11/2017
09:35
tiltonboy, isn't that what we might expect during a period of realisation of debt assets, that some debt converts to equity? The returns from here based on distributing current NAV over the stated period don't look an unappealing risk/reward to me.
redhill9
16/11/2017
09:03
SKYSHIP, A lot of what they own is now equity!
tiltonboy
16/11/2017
07:49
To put matters into context, these GRYs apply from the offer price of 78.5p assuming payouts to 31/12/19: # Payout at par (100p) - GRY = 12.08% # Payout at a pretty disgraceful 95p - GRY = 9.41% If they still manage to reach a premium; which really should be built-in to the terms of most of the loans, then: # Payout at 105p - GRY = 14.69%
skyship
16/11/2017
07:39
Need to read the rest of the detail; but this opening remark is massively encouraging - true guidance - c90% of NAV distributed over the next 2yrs: Manager Commentary On 31 March 2017, the portfolio ended the investment period and entered its harvest period. In the harvest period the Investment Manager works to restructure, reorganise and reposition the assets in order to maximise the intrinsic value. Although the actual time and realisation values are uncertain as of now, based on our current analysis we expect to distribute 50-60% of current Net Asset Value ("NAV") in 2018, 35-40% in 2019, and the remainder in 2020
skyship
05/11/2017
15:07
NAV at 02/11/17 = 94.10p. With the weak £ I would have thought it should have been a little higher - perhaps some valuation weakness in the portfolio. The Quarterly Update might reveal something - should be due this coming week.
skyship
18/10/2017
10:26
NAV at 93.47p
nk104
17/10/2017
19:59
NED - John Edward Hallam - makes an initial holding purchase of 10k @ 77.625p. Not substantial in itself; but a positive nevertheless.
skyship
07/10/2017
17:01
Having reduced a few @ 79p, bought them back @ 77p as the NAV making good progress with the Stronger $ v £. NAV now back up to 94.65p so the discount has dramatically widened to 18.6%. Due to the slow opening progress with realisations (we're now 6months into the Harvest period) and the lamentable lack of news or guidance (for which the Chairman needs a big boot up the backside!), I've put back my notional redemption from 31/03/20 to 30/09/20. On that basis the GRY stats are now as follows: Redemption @ 100p:- GRY = 9.2% Redemption @ 105p:- GRY = 11.0% Redemption @ 110p:- GRY = 12.7%
skyship
29/9/2017
16:15
I've reduced my holding recently by around half. I was fortunate to only find NBDG later than most and bought the majority of my shares in the 70-72p range about a year ago so the current share price not a disaster for me. Still, very disappointing that nothing seems to be happening.
redhill9
Chat Pages: 12  11  10  9  8  7  6  5  4  3  2  1
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:43 V: D:20180226 03:21:37